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New attempt to allow Mangano to bypass NIFA
Senate Republicans are reviving a last-minute push to allow Nassau County to bypass a financial control board to borrow millions of dollars to pay overdue tax refunds, after an earlier attempt went nowhere.
Republicans, led by Senate Majority Leader Dean Skelos (R-Rockville Centre), introduced a bill before midnight Monday that would permit Nassau to borrow up to $120 million without approval from the county legislature or the Nassau Interim Finance Authority.
In doing so, Republicans just beat the deadline for introducing a bill and getting the Legislature to vote on it before they are scheduled to adjourn for the year on Thursday.
Nassau County Executive Edward Mangano has been lobbying for help in paying $41 million in property-tax refunds due at the end of the month, after the county legislature refused to give him the two-thirds majority needed for borrowing.
This is Republicans’ second attempt to aid Mangano. A similar bill that was rolled out on June 8 gained little traction in the Democrat-led Assembly or with Gov. Andrew M. Cuomo.
The difference this time is that the new bill caps borrowing at $120 million. The previous bill had no limit.